PCN News


Feature on Australian Payments Summit

8 December 2017

The inaugural Australian Payment Summit in Sydney on Wednesday 13 December is set to bring a strong line-up of speakers and leaders who are shaping the new world of payments. The Summit, organised by Transactives and co-hosted with AusPayNet, follows the leading European Payments Summit established 20 years ago, and the Asian Global Payments Summit which celebrated its 5th year.

Harry Smorenberg, founder and CEO of Transactives, spoke “We are very happy to announce our cooperation with AusPayNet to develop a dedicated program for Australia.”

“Our goal with the Australian Payment Summit is to focus on innovation and to provide an opportunity for practitioners and key stakeholders to have meaningful peer networking and learn from global best practices.”

Dr Leila Fourie, CEO of AusPayNet, also reflected on this new partnership: “With AusPayNet’s recent rebranding, the Summit plays a role in reinforcing the organisation’s identity and broader role as the home for collaboration and cross-industry innovation.”

Dr Philip Lowe, Governor of the Reserve Bank of Australia and Chair of the Payments System Board will provide the keynote address.  Local and global payments leaders will also speak about fintech, developments in open banking, PSD2, digital identity, real time payments, regulatory alignments, and other payments trends and experiences.

For Australia, Dr Fourie noted that “The Payments industry is experiencing unprecedented transformation and this conference goes a long way to open debate and challenge our thinking on key issues we jointly face in our world of payments.”

“The Australian Payments Plan identifies these issues under three key themes: security and trust managing the payments mix, and enabling the future of payments. These cover the global challenges of cyber security and digital identity, the digitisation of payments, and open data. We’re bringing together a diverse range of participants, decision-makers and disrupters to consider and interpret the implications of these wide ranging payments issues.”

The Summit also provides a deep dive into recent European developments. Michael Salmony, executive advisor to equensWorldline and an international speaker at the Summit, noted “Europe already has a very efficient, highly connected infrastructure having to coordinate this across 4,000 banks, but is also undergoing radical changes mainly due to regulation, technology and customer expectations.

Digitisation of payments and banking is proving to be more transformative and exciting than in many other industries.” We look forward to learning more about these Australian and global trends, challenges and issues.

Further information and registration to the Summit can be found at http://www.australianpaymentsummit.com/

Taleen Shamlian- PCN Associate based in Sydney.